SPH restructuring: 6 other news outlets under media trusts and foundations

Published Thu, May 6, 2021 · 07:25 PM

SINGAPORE Press Holdings (SPH) said on Thursday that it intends to transfer its media business to a not-for-profit entity, which will be a newly formed public company limited by guarantee.

SPH, which publishes The Business Times, said such a not-for-profit model may be unfamiliar in Singapore, but noted that many news organisations overseas are operating under such funding structures. Below are six examples:

1. The Guardian: The United Kingdom newspaper has been controlled by the Scott Trust since 1936.

2. Bertelsmann: The German media conglomerate is owned by the Bertelsmann Foundation.

3. Ouest-France: The leading daily in terms of circulation in France has been owned by a non-profit organisation since the early 1990s.

4. ProPublica: The US Pulitzer prize-winning site was created in 2008 as a public trust.

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5. The Philadelphia Inquirer: The US newspaper is owned by the Lenfest Institute for Journalism.

6. The Tampa Bay Times: The US newspaper is owned by the Poynter Institute for Media Studies.

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